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China steel, iron ore futures hit highs as mills cut output
Published Mon, Dec 4, 2017 · 09:50 PM
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Shanghai
CHINESE iron ore and steel futures surged to three-month highs on Monday as the government-ordered steel production cutbacks led to tighter supplies for some mill products.
The upwards push was led by a big spike in steel prices that follows the global top producer's orders to 28 cities to cut industrial production to battle smog and clean skies.
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